The Punishment Doesn't Fit the Crime

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John Defterios: I think we would all agree that the intent of what he was doing was clearly, you know, he's, he's front running. So i think, to me, just without knowing the law, like, it makes sense, like the intent was was bad there and is followed through. He says federal prosecutors don't believe in karmic credit or good will as punishment for a crime. "That's not how the us Government works," defterios says.

Timestamps:

(00:00:00) Intro
(00:01:01) Meme of The Week
(00:02:23) Apple vs Startups
(00:04:43) Apple's PassKey
(00:05:56) Apple's Car Play
(00:06:53) Buy-Now-Pay-Later (BNPL)
(00:18:39) Classic Clip: Michael Saylor on iPhone
(00:21:31) Apple vs Android
(00:34:25) Post-Payment Installment Splits vs Buy-Now-Pay-Later
(00:42:25) Interview with Jon Wu, Head of Growth at Aztec Network
(00:44:58) Why Nate Chastain Was Arrested
(00:47:02) Wire Fraud Deep Dive
(00:53:17) What Extent Do Federal Prosecutors Get Involved
(00:57:36) Other Crypto/Digital Cases
(01:01:19) Is A 40-Year Sentence Reasonable?
(01:03:53) Implications of Money Laundering Using Crypto
(01:07:10) Would Nate have been prosecuted if he built OpenSea himself?
(01:08:34) Jon's Hat
(01:09:24) Elizabeth Holmes interviewed Jon to be CFO of Theranos

Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology, and memes.

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